1-15-11 Recap of the day's events/postings

Facts:

1.      3 presidencies stripped of power in draft of the Strategic Council

2.      Barzani to visit Baghdad to help complete government

3.      Iraq struggling to fill the last 12 seats of the government

4.      Where are we with the SDRs?

5.      Draft policy on the Supreme Council to be submitted to Parliament

6.      Zebari on lifting the remaining sanctions

7.      Iraq eliminating non-Paris Club debt

8.      Agreement on remaining ministries this week

Rumors:

Of Interest (rumors that I find of particular interest either because of who said it or because of how I think it relates to what is happening right now):

1.      Rumor for Sunday RV

2.      Canada gets permission to trade Dinar

3.      Jordan bank confirm 1

4.      Skype chat rumor 1

5.      Skype chat - Canada

6.      Email from blog visitor - Jordan

7.      Kuwait and Jordan confirmation

8.      Dubai exchange

9.      Dubai and Hong Kong exchange

10.  Rudy’s assessment of early RVs

11.  PNC bank – no RV in ME

12.  Global settlements

The Rest (doesn’t mean these are not happening):

1.      Skype chat rumor 2

2.      Blaino rumor

Where Are We At?

1.      Iraq continues its focus on completing the formation of the government.  Barzani is in Iraq and is there to help complete the government.  The draft policy related to the Supreme Council will be wrapped up and put to vote in Parliament, if there are no issues.

2.      We continue to see a focus on removing Iraq from the remaining sanctions from Chapter 7.

3.      The new IMF exchange rates have yet to be released even thought they were scheduled to be released on the 14^th.

4.      Iraq is once again seeking to cancel debt, but this time they are working with non-Paris Club entities.

5.      Continue to see confirmations of Kuwait and Jordan exchanges, but we are now hearing about exchanges in Dubai and Hong Kong.  We also heard that Canada was given the green light to begin trading the Dinar.

6.      Continue to see people who say that the RV did not happen in the ME.

 

What’s Left?

1. Reading of the budget for the second time.
2. Closure on Security positions (5 in total) and the remaining unfilled positions (7)
3. Formal announcement of government
4. Announcement of agreement on outstanding Kuwait issues
5. Lifting of remaining Chapter 7 sanctions (Kuwait related)
6. RV/RI

What’s It All Mean?

1.      Recall that it was mentioned Iraq wanted to complete the government before the Arab Summit, which is in March.  If I were in their shoes, I would not want lingering government formation problems in the month of February, but that’s just me.  In the least, I would think they would want to complete all security related positions before the summit.

2.      I find it interesting to compare the rumors about the RV happening in the ME to what’s going on with the IMF’s schedule for releasing the exchange rates.  The rates are being delayed, and we hear of the RV happening in the ME.  Is there a connection?   Perhaps.  If the ME banks are pulling in large denominations, and they know that the rate will RV at a higher rate, their reserves will be higher.  Could the total of the dinar pulled in increase the value of their currency?  Maybe?  If so, does it make sense to reflect that increase when the IMF releases the new rates?  We’ll see.

3.      Iraq is seeking to cancel debt.  Are they doing this in a race against the clock with the deadline being the end of the DFI, which is in June?  Will they use the RV as leverage to strike deals and get the debt canceled?  If so, does that mean we won’t see the RV until June or later?  I don’t have the answers to these questions.  It’s food for thought.  But, when I think about Iraq RVing now and trying to convince countries to forgive their debt, I find it difficult to believe the RV helps them in this regard.

1-15-11 Global settlements and the RV

Highlights/Thoughts

I'm not going to do a quick summary of this posting on DD because of where it came from.  As I understand it, the site this information comes from is mainly a user based group who state their opinions and share information.  That said, what I will say about the global settlements is that I have been told that it is related to the RV.  The timing of the payout was supposed to coincide with the RV.  Last I heard, the people who are to receive these payments have not yet received them.  I haven't looked into the whole global settlements information too deeply, but the person who brought it to my attention is really smart and knows what she's talking about.  This is one topic that I need to bone up on and understand better to see exactly how it does or does not relate to the RV.

1-15-11 PNC Bank ... no RV in Kuwait and Jordan

Highlights/Thoughts
Click on the title of this posting to get to the posting on DD

1. PNC hasn't had many of their customers inquire about the Dinar, and admitted they don't know much about it
2. Perhaps had it confirmed that Kuwait and Jordan were not doing an RV

I can confirm that PNC doesn't know much about the Dinar because my friend contacted them about it more than a year ago. They didn't know anything about it then, and they don't seem to know much about it today. However, it's interesting to me that they could immediately confirm that Jordan and Kuwait didn't RV. Scratching my head over that one.

1-15-11 Rudy's assessment of the early cashin rumors

Highlights/Thoughts
Click on the title of this posting to get to the details of this chat on J4D (membership required)

1. Basel 111 laws do not allow for this situation
2. Situation would cause United Nations issues and go against the contracts related to the Paris Club
3. Rudy thinks the US would get first dibs on an early opportunity to cash in given how much the US spent on liberating and democratizing Iraq


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IF YOU LOOK AT BASEL 111 LAWS ABOUT GOVERNANCE AND TRANSPARENCY IN THE OPEN MARKET PERTAINING TO BANKS AND THEIR TRANSACTIONS, THIS WOULD BE CONSIDERED ILLEGAL, NOW I WAS ASKED TO COMMENT, AND I DID. I AM NOT NEGATING I AM ONLY OFFERING MY OPINION. THIS WOULD CAUSE SOME UNITED NATION ISSUES AND ALSO GO AGAINST THE CONTRACTS THAT IRAQ HAS WITH THE PARIS CLUB. IF ONLY FOR RATIONAL THINKING, YOU WOULD ASSUME THAT THE UNITED STATES HAS MORE MONEY INVESTED AND OWED TO US THAN ANY OTHER COUNTRY. I WOULD THINK THAT WE WOULD BE THE FIRST NATION TO HAVE AGREEMENTS OF THIS KIND WITH IRAQ. HOW MUCH TIME, EFFORT, AND INVESTMENT HAS JORDAN PERFORMED WITH IRAQ. I BELIEVE THEY WERE NOT EVEN INVOLVED MILITARILY IN THE WAR EFFORTS. WE DONT CREATE OUR OWN FINANCING, WE ALSO AS A COUNTRY BORROW OUR MONEY, THEN CREATE BONDS AND SELL THEM IN THE OPEN MARKET TO FUND OUR ENDEAVORS. IT HAS COST US A TRILLION DOLLARS, JUST TO LIBERATE AND DEMOCRATIZE IRAQ. WE WOULD GAIN THE MOST FROM AN AGREEMENT LIKE THIS. WHY WOULD THEY BE FIRST IN LINE. I AM ONLY THOWING OUT THIS SO YOU CAN THINK ABOUT IT.

I DONT MEAN TO DISCREDIT ANYONE, OR PUT ANYBODIES INTEL DOWN, I AM ONLY RESPECTFULLY QUESTIONING THE RATIONAL BEHIND THIS.

RUDY

1-15-11 Iraq: Agreement on the remaining ministries this week

Highlights/Thoughts
Click on the title of this posting to get the details of the article

1. National Alliance and the List agree to convene a meeting this week to complete the government formation
2. Security ministry and other unfilled positions will be presented to Parliament for vote
3. Delays regarding the security ministry were related to disagreements between the blocs

1-15-11 Okie Oil Man rumor

Highlights/Thoughts
Click on the title of the posting to get to the details of the posting on J4D

1. Okie heard from a good friend who said they are now exchanging in Dubai
2. Okie heard from another friend who said they are now exchanging in Hong Kong
3. Okie says the RI has begun and the rate is $3.22
4. Should reach North America by Sunday when Forex opens
5. Forex fixed at $5.27

Third rumor today for Dubai exchange.  First time for Hong Kong.  Go USA!!!!  Sunday can't come soon enough huh?!  Well, we wait as usual.
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OKIE_OIL_MAN just got a rumor/report from a very good friend stating he has just heard they are now exchanging in dubai. Just heard from a friend a rumor/report that his friends have. cashed out in Hong Kong. The RI has begun. It started in the Middle East, then Kuwait, then Jordan and all the Gulf Coast countries. The rate is an RI (REINSTATE) rate of 3.22. According to my source, it should reach North America by Sunday when Foxex opens. Foxex's is fixed at 5.27 and that rate cannot be revoked. We will have to wait to see what happens over the weekend.

1-15-11 Dubai exchange rumor

Highlights/Thoughts
Click on the title of the posting to get the details of the posting on J4D (membership required)

1. First time poster
2. Person who got this poster invested called and said her friend cashed in at $3.10 in Dubai

Second time I've seen a Dubai cash in rumor today.
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Yeah, yeah. First of all, I have been on this website for over a year and have never posted any cash in rumors. You can read any one of my posts. So I do have a history of NOT spreading prevarications.

NOW, to what I heard. And yes this is like adding a log to the "cash in" rumor fire, and I wouldn't even it give it a second thought if it wasn't for the person who called me and told me. She introduced me to this investment over a year ago. This woman would not make this up. It would be like my mother lying to me. And she wouldn't. So......

My friend calls me and tells me she just got off the phone with her good friend who verified two of her friends just cashed in in Dubai at 3.10. They would have gotten more but did not want to open an account and leave their money there.

I know this runs contrary to Adam's chat that I actually just read before my friend called me so my excitement was tempered but because I have known my friend for years and know the kind of person she is, I have to give this story as much weight or more. My hestitation in competely swallowing it, is that I don't know the friend who called her. But she does and swears by her.

So there you have it.

Again this is my first ever rumor post of a cash in, and I am not a newbie. I have educated myself for over a year on this, and have followed it everyday(literally). IF....and I do mean "IF" this is true, then perhaps we are days away.

GOD Bless, and hold on just a little while longer, either way.

1-15-11 Kuwait and Jordan bank confirmations

Highlights/Thoughts
1. Confirmation of someone exchanging in at $3.45 in Jordan
2. Confirmation of Kuwait buying at $.35 and selling at $2.84
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7:41 PM [*****] Spoke to a friend who has famly in lebanon. they reported that Jordan is offering $3.10 for a cash in and $3.45 if deposited for 30 days...

7:43 PM [******] lilrayboutte My Lebanon contact also said that Kuwait for 24 hrs.. lines out the door yesterday was buying at .35 and slling at $2.84

1-15-11 Bank Rumor sent to me in email @ justwaitingforit@yahoo.com

Highlights/Thoughts
1. Sister's brother's purchased dinar on sister's urging
2. Brother's wife talked to her friend, who is an executive with 5th 3rd bank.  Exec told her a lot of bankers are purchasing and this is no scam.
3. Exec told them that this will RV soon and come in at $1.50

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MY BROTHER WHO IS NOT ON THE FORUMS HAS DINARS ON MY CONTINUE URGING. HIS WIFE ASK A FRIEND WHO WORK AT THE BANK (5TH/3RD) WHO IS A EXECUTIVE AND SHE TOLD HER THAT A LOT OF THEIR BUSINESS IS PEOPLE PURCHASING DINARS AND THIS WAS NO SCAM. MY BROTHER AND SISTER-IN LAW WERE EXCITED AND BOUGHT MORE DINARS. 

OK .... NOW HERE IS THE UPDATED INFO .... MY BROTHER SAID THEY WERE IN A CAR GROUP WITH OTHER FRIENDS AND THE BANK EX MADE A STATEMENT THAT SHE REALLY CAN'T GO INTO DETAILS BUT SHE KNEW THAT MOST OF THEM WERE HURTING FINANCIALLY AND THAT THERE IS BANK TALK THAT THE DINARS WAS GOING TO BE WORTH SOMETHING VERY SOON! THAT MOST WHO WORK THERE HAVE DINARS AND SHE JUST BOUGHT SOME MORE. SHE TOLD THEM IT WOULD COME IN AROUND $1.50 SOON.

MY BROTHER SAID NONE IN THE CAR ASKED ANY QUESTIONS NOR GAVE WHAT SHE SAID ANY ATTENTION AT ALL NOR DID SHE PUSH THE ISSUE.
HE SAID . . . "LOL THEY ACTED THE SAME WAY I DID WHEN I FIRST WAS TOLD."

HE WAS EXCITED BECAUSE I CALLED HIM SEVERAL TIMES BEFORE HE EVEN BOUGHT SOME AND HE WAS COUNTING APPROX. WHAT HE WOULD GET IN HIS HEAD IF IT RV @ 1.50.

WHEN I HEARD THIS STORY I ASK HIM TO PLEASE CONTACT HER AGAIN AND ASK DETAIL QUESTIONS . . . LIKE . . .WHAT DID THEY GET OR SEE TO MAKE THEM THINK IT WAS $1.50. WAS THIS A BANK RUMOR OR DID SOMETHING COME DOWN IN BLACK AND WHITE OR THE COMPUTER. SOON . . .WHAT IS SOON TO HER . . .DID SHE HAVE A ACTUALLY DATE? 


I WILL GET BACK TO YOU SOON IF I HAVE ANY INFO.

1-15-11 Skype chat - Canada

Highlights/Thoughts

1. This is related to the earlier posting regarding Canada rumored to have been given the rights to trade Dinar.
2. Jordan site now showing IQD at $4.18 (I confirmed)
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Reason asking someone said Just heard in another chat room just now that Canada has received permission to trade in IQD at the rate of 1 IQD = 3.86 USD from the IMF! No link was given but the person repeated it 4 times for people to get the message. and when you put it into the Jordian site , IQD to Canada it comes up $4.18

1-15-11 Iraq eliminating debt....delaying RV?

Highlights/Thoughts
Click on the title of this posting to get the details of the article

The article linked to this is from a couple days back, but I was just thinking about it this morning. I wonder if Iraq is up to their old tricks? Are they using the RV as leverage to cut deals in order to help eliminate their debt? If so, could we be in for a wait until the DFI is released in June, or until they eliminate all the debt, or all the critical debt? I hope not, but it was a thought that concerned me.

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1-15-11 Skype chat - Blaino rumor

Highlights/Thoughts
1. Boots on ground hearing cash in is in progress
2. Source has a direct link
3. Hearing from TX banks that $5.27 will show up this weekend
4. Tuesday cash out for us

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[Blaino] Boots from Iraq (here now) is hearing from friends in country that cashin is in progress as we read this! Definite GREAT source! Has a direct link, long time good friend, Military guy... in the "Smart department". This is it for now! No questions, I'll update this soon as possible! He says $3.22 rate. This intel refers to events on the ground in Iraq. STILL hearing from Texas banks, others that the $5.27 rate will pop here over the weekend, good to go for Tuesday! I got this a few minutes ago, probably some lag between a soldier in Iraq getting off duty, getting the word across the pond, then to my source!

1-15-11 Skype chat regarding when the RV may happen

Highlights/Thoughts
1. Watch CBI on Sunday at 1:30 am PST
2. Watch Forex at 5 pm EST; must be on Forex before it affects us
3. Monday is a bank holiday
4. May take until Sunday at 2:15 CST to show, but should be on Forex on Sunday


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[*******] And this was from *******2 and *******3 late yesterday afternoon..... [*******2] If not nothing to worry about, then we watch for cbi on sunday at 1:30 am pst , then forex at 5 est pm [*******3] OK so we know something is happening. But WE know we must see it on Forex before it affects us. Remember this Monday is a Bank holiday. And while on the surface this may seem unimportant. it could used as a day for our banks to get their security and extra personel lined up for the rv. So watch FOREX closely this weekend. very close. [*******2] This may take to sunday at 2:15 cst to show but it will be on forex on sunday

1-15-11 Skype chat rumor

Highlights/Thoughts
1. Dubai cash out at $3.22
2. Jordan cash out at $3.10

Let's see.....Kuwait, Jordan, and Dubai cash outs.  Wonder who's next?  Oh heck, I don't care.  I just want it to be the U.S. next!  Go USA!
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"Originally Posted by ********

I know a guy who has cashed-in in Dubai a couple days ago at 3.22, and I am not expecting anyone to believe me. He owns his own bank, and a very powerful man, that is all I will say. It is definitely around corner for us in the U.S. Peace & Blessings.

I also know and HAVE known for more than 30-years a VERY good personal friend and businessman in Dubai who has ALSO cashed-in there at a bank. He called me IMMEDIATELY after he did so yesterday (Thursday). He received also in excess of $3.00!

In addition to his OWN cashing-in, his business partner (who is a Jordanian) cashed-in with his corporate account at the Islamic Bank of Jordan in Amman and actually TOOK IT ALL OUT immediately in US Dollars at $3.10! He said the Jordanian bank was at this time ONLY allowing Jordanian citizens with corporate accounts to do so, however. He said his conversion would have been HIGHER if he had agreed to LEAVE IT on account for 4 months.

My business friend said his bank officer told him it would be several weeks morebefore this was going to be done on a world-wide basis.

1-15-11 Jordan bank confirmation (chat from J4D last night)

Highlights/Thoughts
Click on the title of this posting to get to the chat (need to be a member)

1. MainPersonToWatch's brother-in-law cashed out at $3.22
2. His brother-in-law is a Jordanian national who owns an investment bank with 2 investment funds (clears the minimum hurdle we have heard about, I'm sure)
3. Rate is the old rate plus a slight adjustment for inflation
4. MainPersonToWatch says it's a reinstatement (RI)

Please remember that those who were involved in the Kuwait RI DID NOT HAVE TO PAY TAXES. Due to the recent changes in the tax laws, you should seek a professional(s) regarding your tax situation and liability.
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[22:58:19 14/01/11] @ ***** : ***** is gonna be a daddy
[22:58:26 14/01/11] ********** :
[22:58:30 14/01/11] @ ***** : oh you mean dinar news LOL
[22:58:42 14/01/11] MainPersonToWatch : the jordans are happy with what happen
[22:59:09 14/01/11] MainPersonToWatch : ho it happend
[22:59:13 14/01/11] @ ***** : Jordan is true or being a daddy is true
[22:59:15 14/01/11] MainPersonToWatch : yes
[22:59:26 14/01/11] ***** : so how was this verified in a way we know we can trust this verification
[22:59:31 14/01/11] MainPersonToWatch : im refering to the jordan
[22:59:50 14/01/11] MainPersonToWatch : my friend did cash in
[22:59:51 14/01/11] @ ***** : so they are paying them GREAT NEWS
[22:59:55 14/01/11] ***** : MainPersonToWatch you didn't read your verification from the gurus did you
[23:00:07 14/01/11] MainPersonToWatch : im not in that
[23:00:20 14/01/11] ***** : just askin ya never know
[23:00:23 14/01/11] ***** : MainPersonToWatch you serious
[23:00:27 14/01/11] @ ***** : AWESOME MainPersonToWatch,,,,,
[23:00:45 14/01/11] MainPersonToWatch : i have my own network i dont rely on 2 or 3 hand persons to get something
[23:01:28 14/01/11] MainPersonToWatch : no i dont live in the us
[23:01:35 14/01/11] ***** : so how did your friend cash in not that i am trying to shoot you down I am just wondering
[23:01:36 14/01/11] ***** : I can leave for Jordan in the morning, but dont know anybody in Jordan to cash in for me
[23:01:50 14/01/11] ********** : MainPersonToWatch, what verification do you have? I haven't seen one ounce of verification.
[23:02:06 14/01/11] ********** : so why would i agree, im going to deny, because im the antiguru
[23:02:16 14/01/11] MainPersonToWatch : first things first
[23:02:50 14/01/11] MainPersonToWatch : hes an jordan national who owns a investment bank and have 2 investment funds
[23:02:57 14/01/11] ***** : MainPersonToWatch - Does a person have to be Jordanian to cash in
[23:03:09 14/01/11] MainPersonToWatch : only nationlas are aloud to proceed with such transaction
[23:04:05 14/01/11] dnb : ,
[23:04:10 14/01/11] MainPersonToWatch : just be happy prepared and get ready this is real
[23:04:11 14/01/11] @ ***** : So you have to be a citizen to exchange
[23:04:19 14/01/11] MainPersonToWatch : yes GF
[23:04:30 14/01/11] @ ***** : That works for me. I can wait my turn
[23:04:46 14/01/11] dal777 : so can you verify the coming rates to the USA MainPersonToWatch?
[23:05:23 14/01/11] MainPersonToWatch : im not an employee of the US tresury but the rate is the old rate plus a slight adjustment on the rate due for inflation
[23:05:32 14/01/11] MainPersonToWatch : its a re intatement
[23:05:38 14/01/11] MainPersonToWatch : statement
[23:05:43 14/01/11] ********** : so 3.22 + 10%?
[23:05:45 14/01/11] dnb :
[23:05:49 14/01/11] MainPersonToWatch : RI as you refered to
[23:06:08 14/01/11] MainPersonToWatch : they got in Jordan a flat 3.22
[23:06:24 14/01/11] MainPersonToWatch : so beets me im just telling you guys like it is
[23:06:39 14/01/11] MainPersonToWatch : to my understanding next week
[23:06:57 14/01/11] ***** : cool thanks for offering your info MainPersonToWatch
[23:06:58 14/01/11] @ ***** : I won't beat your MainPersonToWatch, I am a lover not a fighter
[23:07:17 14/01/11] MainPersonToWatch : just mention country
[23:07:30 14/01/11] MainPersonToWatch : or goegraphical area
[23:07:39 14/01/11] dal777 : life...u have to be citizen of that country
[23:07:44 14/01/11] @ ***** : Why MainPersonToWatch
[23:08:11 14/01/11] ***** : so MainPersonToWatch where are you right now
[23:08:12 14/01/11] MainPersonToWatch : ***** hes my brother in law
[23:09:02 14/01/11] MainPersonToWatch : theres a cluster of events that are mention in this pages you the genral public arent aloud to have

1-15-11 IMF gives Canada permission to trade Dinar

 [*****] Canada has been given permission by the IMF to trade DINAR (from southbound)
[*****] A friend of mine called me in the car listening to the radio and said that it was reported on the radio (a 5 second blurb of headline news) that Pres. Obama had lifted the currency restriction from Iraq today. I called the radio station that it was reported on and am waiting for their call back to verify their source.

1-15-11 Zebari: Lifting sanctions on Iraq is the beginning of the end of the restrictions of Chapter VII

Highlights/Thoughts
Click on the title of this posting to get the details of the article

1. Foreign Minister Zebari says Iraq is well advanced in the release from the restrictions on Chapter 7
2. Zebari says the end of the outstanding issues between Kuwait will require a number of meetings and conventions under the UN
3. Zebari mentions the US' role regarding compensation (US to handle remaining compensation to Kuwait?)

1-15-11 Read the draft policy the Supreme Council of the end of this week

Highlights/Thoughts
Click on the title of this posting to get the details of the article

1. Kurds do not have objections to the draft law on the Council Policy
2. Everyone agrees it will be resolved "in the coming days"
3. Law will be ready before the end of week to be submitted to the House for the first reading
4. Differences between the List and the National Alliance will be resolved prior to vote

See related posting

1-15-11 OANDA .3109 Rate

Highlights/Thoughts
Click on the title of this posting to get the details of this posting on DD

1. Butterfly has seen the .31 rate as far back as 2 years ago

This is consistent with what I was told from OANDA about that rate. No more needs to be said about the rate on OANDA.

1-15-11 Amadden Rumor

Highlights/Thoughts
Click on the title of this posting to get the details of this rumor

1. Live rate still showing $5.27
2. RV Sunday with cash out on Tuesday

1-15-11 Rumor for Sunday RV

Highlights/Thoughts
1. Was informed that we may see the RV this Sunday with a cash out on Tuesday
2. Cash out rate for us may be $2.82

1-15-11 Where are we with the new SDR rates?

Highlights/Thoughts
Click on the title of the text to see the posting on the IMF site

Yesterday was supposed to be the day that we were to see the new SDR rates, but to my knowledge, they never appeared.  The rates were scheduled to appear between the 10th and the 14th.  It's interesting to me that we're hearing all these rumors about the RV happening this weekend or next week, and we still haven't seen the new rates.  The two are supposed to be tied together according to speculation.  A new basket of currencies is supposed to be shown.  It remains to be seen, but look at the text in green below.  Perhaps this is the explanation for the delays?
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IMF Executive Board Completes Midyear Review of Fund's Income Position

Press Release No. 11/11
January 14, 2011 The Executive Board of the International Monetary Fund (IMF) has completed its midyear review of the Fund's income position for the financial year ending April 30, 2011 (FY 2011).
In completing the midyear review, the Executive Board decided to leave the rate of charge—the interest rate the IMF charges member countries for non-concessional IMF credit—unchanged at 100 basis points above the SDR interest rate for FY 2011.
The updated outlook for FY 2011 net operational income is SDR 328 million (about US$507 million), compared with SDR 202 million (about US$312 million) envisaged at the beginning of the financial year (See Press Release No. 10/204). The FY 2011 outlook has changed mainly as a result of higher projected lending income. The actual outcome remains subject to considerable uncertainty related to the timing and amounts of disbursements under current arrangements with member countries, as well as potential new arrangements and the performance of the Investment Account.

1-15-11 The struggle to fill vacant seats within Maliki’s cabinet

Highlights/Thoughts
Click the title of the posting to get the details of the article

1. Total of 12 seats are vacant and need to be filled but haven't been filled to disagreements between blocs
2. 9 ministries and 3 security positions are left to be filled
3. Predicted that the positions will be filled in the next 2 weeks

1-15-11 Barzani to visit Baghdad soon to complete his initiative

Highlights/Thoughts
Click on the title of this posting to get the details of the article

1. Kurdistan Region’s president, Massoud Barzani goes to Iraq to work on government formation issues
2. 9 cabinet positions have yet to be filled (4 are related to the security position)
3. Women need to fill some of the posts
4. Barzani is their to implement his final stages of his initiative to form the government
5. Barzani met with Biden

Point 4 is interesting.  I hope that I am not over emphasizing this, but I almost wrote word for word what the article said.  If I am not incorrect, we may finally see closure on formation of the government.

1-15-11 State Law: Iraq has prepared a draft of the Strategic Council stripped the three presidencies of some powers

Highlights/Thoughts
Click on the title of this posting to view the details of the article

1. Draft law of the National Council does not grant an executive role in legislative or judicial
2. Allows for role in supplying government policy on security and services